India Mining Report Q3 2016

Date: June 1, 2016
Pages: 78
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: I037122A17EEN

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Includes 3 FREE quarterly updates

BMI View: India's mining sector will experience solid growth, primarily boosted by the country's positive reforms and vast mineral reserves. Despite this, the sector will continue to face challenges due to the country's inadequate operating environment, mining royalties and low metals prices, which will prevent India from reaching its full growth potential.

Latest Developments & Structural Trends
  • India will continue to suffer from a persistent coal deficit over the coming years although the country possesses one of the world's largest coal reserves and has significant production growth potential. We forecast India's coal output to grow from 753mn tonnes (mnt) in 2016 to 1,014mnt in 2020, posting average annual growth of 7.6% during 2016-2020, a sizeable acceleration from an average growth of 4.5% annually during 2011-2015. This is because the Indian government has made great progress in improving coal mine production and coal offtake in recent quarters.
  • We forecast India's iron ore output to grow from 132.9mnt in 2016 to 164.4mnt in 2020. This represents an average annual growth of 5.0% during 2016-2020, higher than the average contraction of 9.1% y-o-y over 2011-2015, following mining bans in the three largest iron-ore producing states of Goa, Odisha and Karnataka, which have since been lifted. Although the passing of the Mines & Minerals Development and Regulation Act will support India's iron ore output growth, weak iron ore prices will limit the sector growth outlook. We forecast iron ore prices to average USD48.0/tonne over 2016-2020, significantly lower than USD115.0/tonne during 2011-2015. This is due to oversupply from Australian miners and weakened Chinese demand for iron ore.
BMI Industry View
  Table: India - Mining Industry Value Forecast
Latest Developments & Structural Trends
Industry Forecast
Bauxite: Government Support To Boost Growth
Latest Developments
  Table: Bauxite Production Forecast (India 2015-2020)
  Table: India - Bauxite Projects
Structural Trends
Iron Ore: Removal Of Export Taxes To Revive Goan Shipments
Latest Developments
  Table: Iron Ore Production Forecast (India 2012-2020)
  Table: India - Selected Iron Ore Projects
Structural Trends
Zinc: Steady Growth Ahead
Latest Developments
  Table: Zinc Production Forecast (India 2012-2020)
  Table: India - Select Zinc Mining Projects
Structural Trends
Coal: Government Target To Fall Short
Latest Developments
  Table: Coal Production Forecast (India 2014-2020)
  Table: India - Select Coal Mine Projects
Structural Trends
Industry Risk Reward Ratings
Risk/Reward Index
Industry Rewards
Country Rewards
Industry Risks
Country Risks
Asia Risk/Reward Index
Key Takeaways
Latest Revisions
  Table: Asia - Mining Risk/Reward Index
Regulatory Development
Trade & Investment Risk Analysis
Commodities Forecast
Commodities Outlook
  Table: BMI Commodities Price Forecasts
Competitive Landscape
  Table: India - Select Listed Mining Companies
Company Profile
Coal India Ltd (CIL)
  Table: Coal India Ltd - Key Financial Data
Hindustan Copper
  Table: Hindustan Copper - Key Financial Data
  Table: NMDC - Key Financial Data
Global Company Strategy - Vedanta Resources - Q3 2016
  Table: Select Commodities - Price Forecasts
Latest Financial Results
Company Strategy
  Table: Vedanta Resources - Key Financial Data
Regional Overview
Asia Overview
Slowing Iron Ore Production
Indian Coal Consumption To Outperform
China & India To Lead In Outbound Investment
Indonesian Ban Moderation Ahead
Chinese Coal & Steel Sectors To Consolidate Slowly
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Weighting Of Indicators
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India Mining Report Q4 2016 US$ 1,295.00 Aug, 2016 · 80 pages
India Mining Report Q2 2016 US$ 1,295.00 Mar, 2016 · 88 pages

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